Loading
Steel: US sentiment remains bearish due to uncertainty over demand outlook
Among U.S. steel market participants, finished steel prices continued to fall during November's scrap buying week. 87.1 percent of U.S. producers, distributors, traders, and end users expected finished product prices to fall further in November, up from 74.2 percent...
Novelis: new $50 million recycling center
Atlanta-based Novelis Inc. announced that it has broken ground for construction of a new $50 million recycling center at its Ulsan Aluminum joint venture in Ulsan, South Korea. The plant is expected to be operational in 2024. With an annual casting capacity of 100,000...
Political factors push renewable energy in different directions
The war in Ukraine has so far hampered global metal trade in several countries. It has also led to the circumstances that have caused the current energy crisis in Europe. In light of this, European nations continue to increase investment in other energy sources. With...
Scrap: EU ban would boost financial losses
According to Italian trade association Assofermet, a ban on scrap exports from the European Union to third countries would have a major impact on European scrap collection and supply companies, causing job losses. Environmental and permitting problems would also...